After one of the sharpest rebounds in history, which saw the S&P 500 rise 60% in less than six months, stocks have weakened over the past month.
With favorable low-interest regimes globally and additional fiscal stimulus packages expected, 2021 has the potential to deliver a robust economic recovery, assuming there will be a medical breakthrough in the form of a coronavirus vaccine.
Markets have shown signs of stabilizing after suffering a relatively sharp 7%, technology sector-led pullback earlier this month.
Stocks continue their record comeback.
Japan’s longest-serving Prime Minister, Shinzo Abe, announced his resignation to undergo treatment for a chronic illness.
• After the unrelenting move higher over the past five months, the market is becoming stretched to the upside from a short-term perspective.